Associate/Senior Associate, Private Credit

THE COMPANY

For 175 years, National Life Group ("NLG") has aimed to keep their promises to provide families stability in good times and in bad. And throughout that history, they have provided peace of mind to those families as they plan their futures.

As a mission-driven business, the cause of what they do is as important as the products they sell. And their cause is a very simple one, directed at the people who live and work on America's Main Streets: "To Do good in our communities and with the individual families we serve."

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple - to allow NLG to keep its promises. How we do this - an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision. We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders. Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

THE POSITION

Position Title Associate/Senior Associate, Private Credit

Position Summary

NLG Capital is expanding its private credit investment team. The group invests in private credit loans that span the spectrum of company size industry, ownership and structure.

Successful candidates will have experience on a direct lending deal team at an established private credit manager, with an understanding of all aspects of both the initial deal process and ongoing monitoring of existing positions. Sector focus will be broad-based but prior experience in Healthcare or Technology sectors would be considered a positive. The analyst must be comfortable interacting with NLG's senior management on evolving deal discussions and investment committee recommendations and be able to proactively communicate with our investment partners, sponsors, and management teams.

Responsibilities

• Lead due diligence on both companies and industries, involving discussions with investment partners, company management, and sponsors

• Provide fundamental valuation and capital structure analysis

• Build and maintain financial models and financial analyses

• Evaluate financing proposals and recommend necessary changes to improve structures

• Write well-reasoned and well-supported credit memos with high conviction recommendations for presentation to Investment Committee

• Evaluate deal documentation including credit/collateral support and covenant analysis including negotiating to achieve best results

• Monitor ongoing portfolio names, via both financial analysis and through developing and maintain network of management teams, investment partners and third parties

THE PERSON

Pivotal Experience & Expertise

• 3-5 years of direct lending deal team experience at existing private credit manager

• Solid credit research, financial modeling, problem solving skills and attention to detail

• Strong verbal and written communication skills

• Keen financial acumen and entrepreneurial mentality

• Ability to synthesize a broad set of information into a cogent investment thesis

• Strong work ethic, commitment, and excellent judgment

• Highly motivated, independent self-starter with passion for the investment and research process

• Adaptable, with flexibility on depth and breadth of role and responsibilities as group grows

• Team-oriented

• Ability to work on multiple projects at a time, and prioritize time effectively

Cultural Fit

• Results-driven mindset

• Thrives in a collaborative environment where the best ideas that drive the best results are rewarded

• Has the integrity to communicate all relevant facts and information in evaluating decisions and the humility to admit what you do not know

• Love of learning - comfortable in an organization that seeks to continually learn from its mistakes and successes to drive better investment decisions

• Comfortable with ambiguity and the mentality required to address and ultimately own those ambiguous situations - finding answers and solutions

• Proficient in giving and receiving constructive feedback in both real time and structured environments

• Demonstrates transparent, direct, and open communication across the organization

• Promotes collaboration and has a "firm first" attitude - does what is right for National Life Group

• Commitment to our mission and values

In addition to base salary, other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment National Life is accepting applications for this role on an ongoing basis and the role remains open until filled. National Life Group is a trade name of National Life Insurance Company, Montpelier, VT - founded in 1848, Life Insurance Company of the Southwest, Addison, TX - chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group. Fortune 1000 status is based on the consolidated financial results of all National Life Group companies. National Life Group 1 National Life Dr Montpelier, VT 05604 Social Media Policy Site Disclosure and Privacy Policy

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